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Wedge Capital Management L L P/nc — 13F Portfolio Breakdown & Top Holdings (Q3 2026)
Wedge Capital Management L L P/ncCIK: 0001015308
Diversified strategyContrarianQuality / disciplined sizing
Total reported value
$5.7B
Reporting period: 2026-09-30 · Number of holdings: 480
WEDGE CAPITAL MANAGEMENT L L P/NC disclosed 480 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $5.7B and a quarterly turnover rate of 34.5%.
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Personality snowflake
- Concentration
- 2.76
- Portfolio Stability
- 34.45
- Momentum
- 0
- Sector conviction
- 58.36
- Diversification
- 100
- Sizing Uniformity
- 84.78
Wedge Capital Management L L P/nc's disclosed holdings carry a Herfindahl concentration index of 0.007 — mathematically equivalent to about 145 equally-sized positions, well below its 480 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.52), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out KLAC
New buy ZBRA
New buy AVT
New buy PAYC
Sold out FN
Sold out NXT
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 480 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | Stock-Tech | 1.44% | +0.20% | -20.45% | |
| 2 | SSNC | Ss&c Technologies Holdings | Stock-Tech | 1.38% | +0.10% | -17.97% | |
| 3 | KEYS | Keysight Technologies In | Stock-Tech | 1.38% | +0.05% | -5.82% | |
| 4 | NTAP | Netapp Inc | Stock-Tech | 1.36% | +0.19% | -18.82% | |
| 5 | LRCX | Lam Research CORP | Stock-Tech | 1.36% | -0.22% | +7.14% | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.34% | -0.04% | -4.27% | |
| 7 | AMAT | Applied Materials Inc | Stock-Tech | 1.34% | -0.33% | +7.28% | |
| 8 | APH | Amphenol Corp-cl A | Stock-Tech | 1.34% | -0.20% | +72.09% | |
| 9 | ZBRA | Zebra Technologies Corp-cl A | Stock-Tech | 1.33% | +1.33% | NEW | |
| 10 | DBX | Dropbox Inc-class A | Stock-Tech | 1.32% | -0.04% | -25.58% | |
| 11 | ARW | Arrow Electronics Inc | Stock-Tech | 1.31% | +0.12% | -2.74% | |
| 12 | AVT | Avnet Inc | Stock-Tech | 1.30% | +1.30% | NEW | |
| 13 | ANET | Arista Networks Inc | Stock-Tech | 1.29% | -0.07% | -25.37% | |
| 14 | STX | Seagate Technology Holdings plc | Stock-Tech | 1.28% | +0.04% | +2.23% | |
| 15 | YOU | Clear Secure Inc -class A | Stock-Tech | 1.27% | -0.09% | +17.32% | |
| 16 | CPAY | Corpay Inc | Stock-Tech | 1.27% | +0.05% | -16.21% | |
| 17 | TXN | Texas Instruments Inc | Stock-Tech | 1.26% | -0.05% | -3.02% | |
| 18 | TEL | TE Connectivity plc | Stock-Tech | 1.26% | +0.10% | -2.23% | |
| 19 | DELL | Dell Technologies -c | Stock-Tech | 1.24% | -0.13% | -31.50% | |
| 20 | CW | Curtiss-wright CORP | Stock-Industrials | 1.22% | -0.10% | +21.51% | |
| 21 | PAYC | Paycom Software Inc | Stock-Tech | 1.21% | +1.21% | NEW | |
| 22 | CSCO | Cisco Systems Inc | Stock-Tech | 1.20% | +0.01% | +4.57% | |
| 23 | SNX | TD Synnex CORP | Stock-Tech | 1.20% | -0.08% | -7.91% | |
| 24 | ADSK | Autodesk Inc | Stock-Tech | 1.20% | +0.06% | -7.13% | |
| 25 | LMT | Lockheed Martin CORP | Stock-Industrials | 1.19% | -0.06% | -10.00% | |
| 26 | HPQ | Hp Inc | Stock-Tech | 1.17% | +1.17% | NEW | |
| 27 | MTCH | Match Group Inc | Stock-Comm Services | 1.15% | +1.15% | NEW | |
| 28 | JBL | Jabil Inc | Stock-Tech | 1.15% | -0.20% | +7.71% | |
| 29 | RPRX | Royalty Pharma plc | Stock-Healthcare | 0.74% | +0.03% | -5.76% | |
| 30 | HAS | Hasbro Inc | Stock-Consumer Disc | 0.69% | +0.13% | +9.16% | |
| 31 | RGA | Reinsurance Group Of America | Stock-Financials | 0.64% | +0.01% | -16.81% | |
| 32 | DDS | Dillards Inc-cl A | Stock-Other | 0.62% | +0.05% | -18.37% | |
| 33 | PFG | Principal Financial Group | Stock-Financials | 0.61% | -0.01% | -9.85% | |
| 34 | THC | Tenet Healthcare CORP | Stock-Healthcare | 0.61% | -0.07% | -38.31% | |
| 35 | OSCR | Oscar Health Inc - Class A | Stock-Healthcare | 0.61% | +0.07% | -2.10% | |
| 36 | SYF | Synchrony Financial | Stock-Financials | 0.59% | -0.03% | -3.44% | |
| 37 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.59% | +0.53% | +818.13% | |
| 38 | DVA | Davita Inc | Stock-Healthcare | 0.58% | -0.10% | +1.75% | |
| 39 | MET | Metlife Inc | Stock-Financials | 0.57% | — | -14.98% | |
| 40 | JXN | Jackson Financial Inc-a | Stock-Financials | 0.57% | +0.05% | -18.93% | |
| 41 | AER | AerCap Holdings N.V. | Stock-Industrials | 0.57% | — | -5.07% | |
| 42 | VSXY | Victoria's Secret & Co | Stock-Consumer Disc | 0.57% | -0.05% | -18.07% | |
| 43 | PRU | Prudential Financial Inc | Stock-Financials | 0.57% | -0.01% | -12.44% | |
| 44 | IVZ | Invesco Ltd. | Stock-Financials | 0.56% | +0.03% | -12.00% | |
| 45 | SJM | Jm Smucker Co/the | Stock-Consumer Staples | 0.56% | +0.47% | +460.43% | |
| 46 | ALLY | Ally Financial Inc | Stock-Financials | 0.56% | -0.06% | +3.40% | |
| 47 | GRMN | Garmin Ltd. | Stock-Tech | 0.56% | -0.02% | -25.50% | |
| 48 | BEN | Franklin Resources Inc | Stock-Financials | 0.56% | -0.02% | -5.47% | |
| 49 | STT | State Street CORP | Stock-Financials | 0.55% | -0.03% | -12.88% | |
| 50 | C | Citigroup Inc | Stock-Financials | 0.55% | -0.04% | -4.03% |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
-0.7%
Performance Last 4 Quarters
+21.8%
- Stdev
- +13%
- Beta
- +0.9
- Alpha
- -2.2%
- Max Drawdown
- -11.5%
- Annualized Perf
- +19.1%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.8
- Stutzer
- +0.41
- Treynor
- +0.2
- Sterling
- +1.13
- Calmar
- +1.67
- Information Ratio
- -0.64
- Tracking Error
- +7%
- Stdev Down
- +6.6%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +29.9%
- Worst 12 Months
- -3.7%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.42
- Stdev Sectors
- +9.7%
- Skewness
- -0.11
- Kurtosis
- -0.37
- Upside Potential
- +4.36
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 480 | $5.7B | 34 | ||
| 2026 Q2 | 484 | $6.1B | 39 | ||
| 2026 Q1 | 527 | $5.4B | 29 | ||
| 2025 Q4 | 511 | $5.6B | 30 | ||
| 2025 Q3 | 525 | $5.9B | 54 | ||
| 2025 Q2 | 509 | $5.6B | 0 | ||
| 2025 Q1 | 512 | $5.2B | 100 | ||
| 2024 Q4 | 508 | $5.6B | 0 | ||
| 2024 Q3 | 498 | $5.8B | 0 | ||
| 2024 Q2 | 481 | $5.6B | 0 | ||
| 2024 Q1 | 493 | $6.2B | 0 | ||
| 2023 Q4 | 484 | $5.6B | 0 | ||
| 2023 Q3 | 489 | $5.1B | 0 | ||
| 2023 Q2 | 505 | $6.3B | 0 | ||
| 2023 Q1 | 426 | $5.9B | 0 | ||
| 2022 Q4 | 418 | $6.2B | 0 | ||
| 2022 Q3 | 403 | $5.9B | 0 | ||
| 2022 Q2 | 406 | $6.3B | 0 | ||
| 2022 Q1 | 418 | $7.4B | 0 | ||
| 2021 Q4 | 413 | $8.1B | 0 | ||
| 2021 Q3 | 401 | $7.7B | 0 | ||
| 2021 Q2 | 393 | $8.2B | 100 | ||
| 2021 Q1 | 528 | $8.4B | 40 | ||
| 2020 Q4 | 563 | $8.6B | 35 | ||
| 2020 Q3 | 531 | $7.5B | 32 | ||
| 2020 Q2 | 513 | $7.3B | 51 | ||
| 2020 Q1 | 517 | $5.8B | 55 | ||
| 2019 Q4 | 560 | $9.0B | 23 | ||
| 2019 Q3 | 563 | $8.6B | 24 | ||
| 2019 Q2 | 602 | $8.7B | 22 | ||
| 2019 Q1 | 572 | $8.8B | 31 | ||
| 2018 Q4 | 554 | $8.1B | 40 | ||
| 2018 Q3 | 572 | $10.4B | 24 | ||
| 2018 Q2 | 576 | $10.2B | 33 | ||
| 2018 Q1 | 582 | $10.4B | 31 | ||
| 2017 Q4 | 577 | $11.2B | 23 | ||
| 2017 Q3 | 567 | $10.7B | 18 | ||
| 2017 Q2 | 562 | $10.4B | 19 | ||
| 2017 Q1 | 550 | $10.4B | 30 | ||
| 2016 Q4 | 559 | $10.3B | 24 | ||
| 2016 Q3 | 561 | $10.0B | 20 | ||
| 2016 Q2 | 563 | $9.7B | 25 | ||
| 2016 Q1 | 571 | $9.6B | 25 | ||
| 2015 Q4 | 586 | $9.5B | 19 | ||
| 2015 Q3 | 585 | $9.5B | 33 | ||
| 2015 Q2 | 593 | $10.3B | 28 | ||
| 2015 Q1 | 591 | $10.0B | 22 | ||
| 2014 Q4 | 587 | $10.0B | 30 | ||
| 2014 Q3 | 579 | $9.4B | 21 | ||
| 2014 Q2 | 567 | $9.8B | 23 | ||
| 2014 Q1 | 501 | $9.5B | 22 | ||
| 2013 Q4 | 494 | $9.4B | 24 | ||
| 2013 Q3 | 490 | $8.7B | 27 | ||
| 2013 Q2 | 490 | $8.3B | — |
Holding changes this quarter
Wedge Capital Management L L P/nc's most significant position changes for 2026-09-30: Sold out: Kla CORP (KLAC); New buy: Zebra Technologies Corp-cl A (ZBRA); New buy: Avnet Inc (AVT); Sold out: Fabrinet (FN); Sold out: Nextpower Inc-cl A (NXT).
Showing top 200 changes by size (of 522 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ZBRA | Zebra Technologies Corp-cl A | +1.3% | NEW | New buy |
| 2 | AVT | Avnet Inc | +1.3% | NEW | New buy |
| 3 | PAYC | Paycom Software Inc | +1.2% | NEW | New buy |
| 4 | HPQ | Hp Inc | +1.2% | NEW | New buy |
| 5 | MTCH | Match Group Inc | +1.2% | NEW | New buy |
| 6 | AMZN | Amazon.com Inc | +0.5% | +818.13% | Add |
| 7 | TGT | Target CORP | +0.5% | +10820.82% | Add |
| 8 | ETSY | Etsy Inc | +0.5% | NEW | New buy |
| 9 | LEVI | Levi Strauss & Co- Class A | +0.5% | NEW | New buy |
| 10 | FIVE | Five Below | +0.5% | NEW | New buy |
| 11 | PFE | Pfizer Inc | +0.5% | +7116.16% | Add |
| 12 | SJM | Jm Smucker Co/the | +0.5% | +460.43% | Add |
| 13 | BAX | Baxter International Inc | +0.5% | NEW | New buy |
| 14 | AVTR | Avantor Inc | +0.4% | NEW | New buy |
| 15 | ELV | Elevance Health Inc | +0.4% | NEW | New buy |
| 16 | KHC | Kraft Heinz Co/the | +0.4% | NEW | New buy |
| 17 | UNH | Unitedhealth Group Inc | +0.4% | +4795.28% | Add |
| 18 | ✓ | +0.3% | NEW | New buy | |
| 19 | DUK | Duke Energy CORP | +0.2% | +7148.86% | Add |
| 20 | MSFT | Microsoft CORP | +0.2% | -20.45% | Trim |
| 21 | PNR | Pentair plc | +0.2% | NEW | New buy |
| 22 | NTAP | Netapp Inc | +0.2% | -18.82% | Trim |
| 23 | HAS | Hasbro Inc | +0.1% | +9.16% | Add |
| 24 | ARW | Arrow Electronics Inc | +0.1% | -2.74% | Trim |
| 25 | JBTM | Jbt Marel CORP | +0.1% | NEW | New buy |
| 26 | TEL | TE Connectivity plc | +0.1% | -2.23% | Trim |
| 27 | SSNC | Ss&c Technologies Holdings | +0.1% | -17.97% | Trim |
| 28 | MUR | Murphy Oil CORP | +0.1% | +6.27% | Add |
| 29 | OSCR | Oscar Health Inc - Class A | +0.1% | -2.10% | Trim |
| 30 | STNG | Scorpio Tankers Inc. | +0.1% | NEW | New buy |
| 31 | CALY | Callaway Golf Company | +0.1% | NEW | New buy |
| 32 | LOPE | Grand Canyon Education Inc | +0.1% | NEW | New buy |
| 33 | CHRD | Chord Energy CORP | +0.1% | +3.42% | Add |
| 34 | BP | Bp Plc-spons Adr | +0.1% | +2.34% | Add |
| 35 | APA | Apa CORP | +0.1% | -9.01% | Trim |
| 36 | WFRD | Weatherford International plc | +0.1% | +25.13% | Add |
| 37 | SHEL | Shell Plc-adr | +0.1% | -4.88% | Trim |
| 38 | CPAY | Corpay Inc | +0.1% | -16.21% | Trim |
| 39 | KEYS | Keysight Technologies In | +0.1% | -5.82% | Trim |
| 40 | EPAC | Enerpac Tool Group CORP | 0% | NEW | New buy |
| 41 | INDB | Independent Bank Corp/ma | 0% | NEW | New buy |
| 42 | SLM | Slm CORP | 0% | NEW | New buy |
| 43 | LOB | Live Oak Bancshares Inc | 0% | NEW | New buy |
| 44 | STX | Seagate Technology Holdings plc | 0% | +2.23% | Add |
| 45 | HAL | Halliburton Co | 0% | +21.05% | Add |
| 46 | ATEC | Alphatec Holdings Inc | 0% | NEW | New buy |
| 47 | TCBI | Texas Capital Bancshares Inc | 0% | +108.68% | Add |
| 48 | ✓ | 0% | NEW | New buy | |
| 49 | BLMN | Bloomin' Brands Inc | 0% | NEW | New buy |
| 50 | SLB | Slb LTD | 0% | +9.42% | Add |
1–50 of 200
Filing History
FAQ
What is Wedge Capital Management L L P/nc and what type of investor is it?
Wedge Capital Management L L P/nc is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $5.7B, spread across 480 disclosed positions.
What are Wedge Capital Management L L P/nc's largest equity positions?
Based on the latest 13F filing, Wedge Capital Management L L P/nc's top holdings by market value are:
1. Microsoft CORP (MSFT) — $82.4M (1.4%)
2. Ss&c Technologies Holdings (SSNC) — $79.0M (1.4%)
3. Keysight Technologies In (KEYS) — $78.9M (1.4%)
4. Netapp Inc (NTAP) — $78.0M (1.4%)
5. Lam Research CORP (LRCX) — $77.6M (1.4%)
What changes did Wedge Capital Management L L P/nc make in its most recent portfolio filing?
In the latest reported quarter, Wedge Capital Management L L P/nc made 200 notable position adjustments: 26 new positions were initiated, 44 existing holdings were added to, 102 positions were partially reduced, and 28 were completely exited. The largest of these moves: Sold out: Kla CORP (KLAC); New buy: Zebra Technologies Corp-cl A (ZBRA); New buy: Avnet Inc (AVT); Sold out: Fabrinet (FN); Sold out: Nextpower Inc-cl A (NXT)
What sectors does Wedge Capital Management L L P/nc focus on?
Wedge Capital Management L L P/nc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.0%
• Financials: 14.0%
• Health Care: 12.4%
• Consumer Discretionary: 11.3%
• Industrials: 10.9%
• Communication Services: 4.5%
Investment Profile
Wedge Capital Management L L P/nc returned an annualized 19.1% over the trailing 36 months — underperforming the S&P 500 by 2.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.90 (roughly in line with the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 36.0% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 54 to 34 over the past 4 quarters — a shift toward longer holding periods.
It has added to its AMZN position over the past two quarters (+$30.4M, now $33.9M), while trimming CDNS over the same stretch (-$53.7M, still holding $215.9K).
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Developer Access
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REST API
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